Bank of India (RBI) has issued a Prompt Corrective Action (PCA) framework to
maintain sound financial health of banks. It facilitates banks in breach of
risk thresholds for identified areas of monitoring, viz., capital, asset
quality (which is tracked in terms of the net Non-Performing Assets ratio) and
profitability, to take corrective measures in a timely manner, in order to
restore their financial health.
Beers Group announced it has signed a non-binding Memorandum of Understanding
(MoU) with its partner in the Gahcho Kué mine, Mountain Province Diamonds Inc.
MoU contemplates incorporating properties owned by Kennady Diamonds Inc.
(Kennady Diamonds) into the Gahcho Kué joint venture, in the event that
Mountain Province’s proposed acquisition of Kennady Diamonds is approved.
Mountain Province and De Beers will now work towards a definitive agreement
based on the MoU.
Corp announces its operational and
financial results for the fourth quarter and year-end December 31, 2017. B2Gold says, record annual consolidated gold
production, for the ninth consecutive year, of 630,565 ounces of gold
(including 79,243 ounces of pre-commercial production from Fekola), exceeding
the upper end of the revised guidance range (of 580,000 to 625,000 ounces) and
well above the upper end of the original guidance range (of 545,000 to 595,000
Hong Kong 2018 magnificent jewels and jadeite Exhibition is announced to be
held on 29 March – 2 April, Auction would be undertaken on 3 April at, Hall 5,
Hong Kong Convention and Exhibition Centre
3 April, Sotheby’s Hong Kong Magnificent Jewels and Jadeite Spring Sale 2018,
will offer exceptional and rare treasures that epitomise quality and artistry.
Headlined by a superb jadeite bangle estimated in excess of HK$80 million /
gemstones such as the emeralds from Zambia's world-beating Kagem mine in
Lufwanyama were in the spotlight at this year’s glittering Oscars Awards in
Hollywood. A regular on red carpets everywhere, fine emeralds have taken on
renewed popularity thanks to the promotion by London-based Gemfields, which
owns 75 percent of Kagem in a model partnership with the Zambian government.
to the SA government, the 11 suspects who were arrested by the Hawks in
Rustenburg and Johannesburg for the illegal dealing in and theft of unwrought
platinum are expected in court this morning. The syndicate was arrested on
Thursday following an intelligence-driven operation aimed at addressing the
illegal dealing of unwrought platinum in the North West and Gauteng provinces.
of Commerce& Industry, Suresh Prabhu, chaired a working group on making
India a USD 5 trillion economy in 7 years. The meeting was attended by heads of
CII, FICCI, IFC, NASSCOM, NitiAayog and senior officials from the Departments
of Commerce and DIPP.
Minister said that India’s GDP could reach USD 5 trillion provided that there
is consistent growth in manufacturing, services and agricultural sectors. The
Minister underlined key role of the private sector to create new business
models and strategies and leverage new technologies in order to fuel growth in
the Indian economy. Government will act as the facilitator in this process.
core team namely Mr. Pramod Agarwal - Chairman, Mr. Colin Shah - Vice Chairman,
Mr. Russell Mehta - Advisor to Chairman, Mr. Sanjay Kothari - Convener BITC,
Mr. Mavjibhai Patel - Member BITC and Mr. Sabyasachi Ray - Chief Executive
Director met with Mr. Rajnish Kumar- Chairman of SBI, Mr. PN Prasad - Chief
General Manager and Mr. Joydev Mukherjee - Deputy General Manager.
Future of CSR in the Jewellery Industry
jewellery industry is facing a unique corporate social responsibility
challenge. There’s a growing increase in expectation from consumers, NGOs and
civil society for the industry to be more transparent about their sustainability
practices in relation to people, planet and profits.
expectation is placing a strain on companies up and down the jewellery supply
chain. In short, communicating a company’s sense of purpose and social
responsibility is now a vital component in any communications function.
stage at PlatAfrica 2017
2: PlatAfrica is in its 19th year and is South Africa’s premier
platinum jewellery competition. This year we again saw some exceptional design
pieces that highlighted the unique properties of platinum.. With PGI’s encouragement
and support, the winners got the opportunity to attend design workshops in
Mumbai, developing their talent and broadening their horizons to think about
designs for the global markets. We truly value this partnership with PGI which
is now in its 2nd year.
are the winning pieces from PlatAfrica 2017 and the inspiration behind these
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